My understanding is that Bernanke has no real control over bonds and that he can only influence them one way or the other.

Pull the 10 year bond futures intraday chart if you can. There is noticable dumping in the last 3 days. Flushes out of nowhere.

I think they are already frontrunning the end of "twist',nobody wants to be the last one out on that trade.I was correct to dump most of my bond holdings,my broker wanted me to stay fully loaded until May or June.

Market is so nutty that a huge move back the other way is possible,or just a continued bloodbath for another 40-60BP or so.Once certain levels break,it's already too late to sell.....

Few more days of this kind of action in treasuries and I will be very tempted to go short this market. In fact I wouldn't be surprised to see some kind of a mini crash being the result of all this. Things are seriously out of whack.

Agreed there.

Dollar strength.Equity strength.Gold weakness.Treasury weakness.

I'm pretty sure we haven't seen this relationship among assets in a while, and certainly not on any sustained basis.

Sure glad all my albums went GOLD."Ferdy-bee-bee-dee-ferbs."Subscribe & Earn Karma Miles with Every Visit!Rule #5 Professional Exemption.Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion."I too observe 'flation.'"I love you, TASR!YOU MAKE KITTY SCAREDTops Take TimePostulate A Free Lunch EconomyAnyone, now, who is not genuinely afraid is a moran.[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)Guess again, girlfriend.Or, $2.7 million every effing day since the effing pinball machine.Permabear Hysterian

Sure glad all my albums went GOLD."Ferdy-bee-bee-dee-ferbs."Subscribe & Earn Karma Miles with Every Visit!Rule #5 Professional Exemption.Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion."I too observe 'flation.'"I love you, TASR!YOU MAKE KITTY SCAREDTops Take TimePostulate A Free Lunch EconomyAnyone, now, who is not genuinely afraid is a moran.[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)Guess again, girlfriend.Or, $2.7 million every effing day since the effing pinball machine.Permabear Hysterian

Random thought - the selloff in Treasuries began just about the time that the "credit event" determination was made for Greece.

Is some counterparty on the wrong side of the CDS trade having to liquidate their treasury position to raise cash to make good on the Greek sovereign CDS?

Sure glad all my albums went GOLD."Ferdy-bee-bee-dee-ferbs."Subscribe & Earn Karma Miles with Every Visit!Rule #5 Professional Exemption.Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion."I too observe 'flation.'"I love you, TASR!YOU MAKE KITTY SCAREDTops Take TimePostulate A Free Lunch EconomyAnyone, now, who is not genuinely afraid is a moran.[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)Guess again, girlfriend.Or, $2.7 million every effing day since the effing pinball machine.Permabear Hysterian